The Cuu Long (Mekong) Delta region targets annual economic growth of 12 percent through 2020, hoping to raise per capita income to 70 million dong (USUS$3,350) per year, according to the Southwest Region Steering Committee.

Vietnam's Ministry of Finance will likely recommend a proposal to slash the value added tax (VAT) by 50 percent in a move to support businesses during the economic slowdown, said Finance Minister Vuong Dinh Hue.